@astronomer_zero@KillaXBT you said the bottom on every cycle are consistently 48 months apart, that's a given, i mean the cycles are constant and equal in lenght from bottom to bottom.
Do you think this bear marker bottom will come before that period? Can it be invalidated this time?
$BTC
Called the bottom at 63k when the market was fearful, I am still confident in that call.
But now at 70k the bears softened their opinion and 50k calls because it will be "front run".
So locally (keyword), I am bearish again and remain short as per last posts.
Timeframes
@astronomer_zero@astronomer_zero you said the bottom on every cycle are consistently 48 months apart, that's a given, i mean the cycles are constant and equal in lenght from bottom to bottom.
Do you think this bear marker bottom will come before that period? Can it be invalidated this time?
$BTC
De-risk long, taking off half here at -0.6R (before hitting SL).
Monitoring BTC a bit further here. Where it is still going deeper and our scenario of a deep pullback is getting more likely with a close inval call so far.
Talked Yesterday about this scenario but not deemed it all too likely.
On the occasion, my idea is wrong and price gets close to inval which is a first sign of a compromised trade.
I did place my inval to absorb a first touch of a close call so far which is the reason to put the inval just below the low and not at the low. It also allows for the trade to still work out with potential mmd such as we have seen (lower low on ETH, bare higher low on BTC on some charts).
We are seeing a move close towards it now. And yes, that higher low could still end up holding here even if it's a slight one.
What I personally do now is, after waiting for the bounce of getting close to invalidation, is to take out 50% at -0.6R on the local bounce.
The rest is hard SL so if it hits, it should just take you out of the market at -1R.
That reduces this loss if it ends up as one, from -1R to - 0.8R (reducing losses is as important as doubling down on wins). So it indeed prevents having to eat full SL. And if it still reverses, it still gives a decent win.
That's the healthy balance for my personal system when a trade gets close to invalidation.
Apologies for the loss in advance for a change or at least a tougher trade so far.
Riskier longs are less likely to land. But it made sense to take the trade.
Not going to hide compromised trades though. Share wins, share (maybe incoming) losses too.
Nothing is hidden.
I have been showing you how to handle win after win, up to 8 wins in a row recently. So likewise and even more valuable, I also show you how to handle when a trade doesn't go our way.
Also reminding you to not get too bearish high timeframe despite this drop. It's just the long getting stopped out and I will indeed be looking to long lower if it gets stopped out at inval (89k).
@astronomer_zero I was underexposed. I've been waiting for this call for weeks.
I followed your first call with only half the position. Got in minutes after this call.
Quick question: I saw you saying that the 2-phase sleep cycle has been serving you well. Could you elaborate on this?
$BTC htf longs & htf longs 2.0
Good reaction so far from 92.2k β Now we count days again.
Alright, called out to long 92.2k Yesterday live, as well as to move inval of the remainder of our 85.2k longs up to 89k.
So far a nice reaction with price north $1000 of entry.
On paper, nothing fancy and nothing to take profits on, or even make a trade risk free on.
But technically and market depth-wise, this reaction adds confidence to the trade I presented and it adds substance for higher.
So just updating you that the chances of this trade working out coming off the mid 80%'s (my lower bound threshold for trade entry), is now closer to the 90%'s just because of this reaction.
This is great. Keep in mind it doesn't mean it can't go back to entry, nor does it mean it can't go sweep the local low (and stay above invalidation). This is key because after reactions like this traders often put their "stops be".
Unless you want to sponsor exchanges by paying fees over and over, I do not recommend doing such thing as it is a crucial mistake.
We are still in the ranging period and are not clear from entry yet, until likely end of Jan and the latest the first week of Feb.
So just like how we counted days of AAP (age above pain) of the 85k longs, it's valid to count AIP (age in pain) of this riskier and later long, flagging it as a potential period of revisits to entry. AIP should be shorter generally than AAP.
As I project AIP indeed to become no longer than 2 weeks (into the first week of Feb). I also kindly ask you to not misinterpret this as a fact. It is a worst case, assumed for psychological reasons.
So counting it helps you hold psychologically, it helps you to not overmanage the trade, nor move the SL, nor add, nor trim early, until the proper time those moves should be done.
That is how I manage my high timeframe trades, just like how we have been doing with the 85.2.k long.
Again congrats if you held for 1 day so far. Cherish the reaction, prepare for further visits to and below entry (without doing anything), and then seek reward.
I promise reward comes before you know it.
All NFA, just my own approach.
$BTC
Target liquidity local rejection β Next: consolidation -> continuation
Alright, we just hit the first big target of our high timeframe long trade.
As per usual, seeing our classic post-TP rejection off the liquidity pool where our big target 1 indeed was situated, at 94.7k. The glorious level we framed and waited for for 17 days, without a single day below entry, going straight towards it and where price now stopped going higher.
A bit funny because I always preach to never set your "stops flat/stops BE", which in my eyes, setting SL to a random level the market doesn't care about such as your entry is an amateur move. During trending moves (up only), it is more likely to work out though. But it still isn't recommended because BE stops on trending moves, can still stop you out before never returning
(The best trades only give one entry, sometimes, one re-entry i.e. if you set stops flat by then, a stop-out).
And yes, I did mention the word "rejection" off our TP, fear not. This is just a local rejection of our TP level, where we likely trade below a little longer, consolidate, and afterwards, I absolutely believe price vectors through upside.
I remind you kindly how 112k remains the main upper target for this trade, towards which 40% of the trade is still running, setting execution in lockstep alignment with my expectations.
Nonetheless, this rejection off our target is nice to see so far, especially locally. Fun fact it actually rejected within 50$ of the price point we TP'd last post, which, is no bragging material, but an excellent confirmation of how our system works and has been executed upon cleanly.
This liquidity pool was quite dense and narrow, which allowed me to pinpoint the TP precisely also so we thank the market makers and orders books for this.
Sentiment was very down bad this entire move up, with one trader after the other confidently posting shorts "towards the CME gap", feeding the move up into our long targets.
It did hit a small pause locally. Where we start to turn up slightly now with a general consensus on "how did the CME gaps below not fill and why did I keep getting stopped out trying to reach this target?" "Price might be more bullish than expected". Backing off the shorts slightly as their major liquidity has just been taken right at our target.
That could fuel the local pullback here likely a bit further. But I remind you, nothing will be drastic, and it likely transforms more into a local consolidation, whilst altcoins catch up further as well after their respective consolidation.
About that altcoin catchup, Our $BTC.D plan is neatly following along, getting close to new monthly lows too at 58.94% now, taking out Decembers low at 58.97% following its preplanned DNA smoothly. Per OHLC theory, taking Decembers low means, yes consolidation short term, but looking further, Decembers high is protected for the entire month of January, which gives us another month of window of altcoin bullishness.
That bullishness will be very palpable, already shoving the market further into February, which for now statistically, also proves good altcoin narrative near cycle peak times.
And sentiment wise, that strains the bears a bit further, of our main thesis where, even if they could be eventually "right" for being so so bearish on $BTC during the 80-85k range, it made everyone sell, at the exact wrong time, when it comes to $BTC, and especially when it comes to altcoins and $ETH, with many up already over 30% from the lows.
And it will pain them a bit further, as they continue to call for "the bearish retest", as if 60k is "guaranteed."
That is the analysis for $BTC, how it continues cons->uptrend->rinse->repeat, bullish IMO, for all reasons mentioned, and how sentiment will be counteracted both on the and altcoin side of things, with our plan also following neatly.
Established by our trademarked analysis, data and logic, confirmed by the clear "bearish retest, must see 60k sentiment", and finalized by order flow, and CVD maps.
Look forward for stubborn continuation after further local consolidation first here below our 94.7k level.